Austere Systems Approves 8% Final Dividend, Director Appointment
Austere Systems Ltd held a Board Meeting on September 7, 2026, approving key decisions including the appointment of Mr. Mayank Gupta as an Additional Director (Non-Executive Independent) for a 5-year term. The Nomination & Remuneration Committee was reconstituted. The Board recommended a final dividend of 8% (₹0.80 per share) for FY 2025-26, subject to shareholder approval at the upcoming AGM. The record date for the dividend is set as September 23, 2026. Additionally, the company approved the re-appointment of L. Gupta & Associates as Secretarial Auditor and M/s DSG & Associates as Internal Auditor for FY 2026-27. Approval was also given for advancing loans, guarantees, or securities to interested parties, pending shareholder consent.
Key Highlights
- Appointed Mayank Gupta as Non-Executive Independent Director for 5 years.
- Recommended a final dividend of 8% (₹0.80/share) for FY 2025-26.
- Reconstituted the Nomination & Remuneration Committee.
- Re-appointed Secretarial and Internal Auditors for FY 2026-27.
- Set September 23, 2026, as the record date for dividend payout.
Price Impact
More from AUSTERE